The Federal Parent PLUS loan provides federal funds to help parents of dependent undergraduate students pay educational expenses. Parents can borrow up to the difference between Notre Dame's estimated cost of attendance and other aid or resources expected to be received.
Example: Estimated Cost of Attendance minus Other Aid/Resources = Maximum Loan Amount
Use the financial aid calculator to determine how much you need to borrow. You may wish to include other non-billed costs, such as living expenses, in the amount you request. Also, note the loan fees below and remember to account for them in the amount you request.
Choose based on enrollment plans:
|Semester(s) Attending||Loan Period|
|Fall and Spring||September – May|
|Summer, Fall, and Spring||May – May|
|Fall Only||September – December|
|Spring Only||January – May|
A parent applying for a Federal Parent PLUS loan must be the biological or adoptive parent of a dependent undergraduate student. Step-parents whose information is included on the FAFSA are also eligible to apply for the loan.
Parents must have an acceptable credit history or be able to apply with an eligible co-signer. The parent who is applying for the PLUS loan should make sure that their full legal name and correct SSN are linked to their Dept. of Ed. FSA ID and FAFSA (if their information was included).
Students must complete the Free Application for Federal Student Aid (FAFSA) and meet all other eligibility requirements.
For help with studentaid.gov, call 800-557-7394.
The priority deadline to complete the steps listed above is June 5, 2019.
The student will receive an email when the Office of Financial Aid processes the loan.
Note: If the Parent PLUS loan is denied, the student will be eligible for an additional unsubsidized loan. A revision will be made to the student’s financial aid package upon confirmation of the denial.
Repayment begins within 60 days after the final disbursement of each loan. You may be able to postpone principal payments while your student is in school (up to four years). Contact the Direct Loan Servicer for repayment and forbearance options. The maximum repayment period is 10 years, and the minimum monthly payment is $50.
For more information about PLUS loans, visit the Federal Student Aid website.